Real Estate Market Conditions in Whitby
As we move through 2025, the real estate market in Whitby, Ontario, continues to show dynamic trends and shifts. Here's a comprehensive look at the current market conditions:
Market Overview
The average house price in Whitby stands at approximately $1,014,077. This figure reflects a slight increase from previous months, indicating a steady demand for properties in the area. The median days on the market for a home is currently 15 days, showcasing a relatively quick turnover rate.
Housing Inventory
In the past 28 days, there have been 285 new listings, with 112 homes sold. This active market highlights the ongoing interest in Whitby's real estate, both from buyers and sellers. The selling-to-listing price ratio is at an impressive 101%, meaning homes are often selling at or above their listing prices.
Property Types and Prices
Detached Homes: The average price for a detached home is around $1.2 million.
Townhouses: Townhouses are priced at a median of $799,884.
Condos: Condos have a median list price of $601,060.
Market Trends
The market has seen a mix of higher-priced homes and more budget-friendly options, which has influenced the average home price. Despite some fluctuations, the overall trend points towards a stable and growing market.
Future Predictions
Looking ahead, the Whitby real estate market is expected to maintain its momentum. With a strong demand for housing and a steady influx of new listings, buyers and sellers can anticipate a competitive yet rewarding market environment.
Conclusion
Whitby's real estate market in 2025 is characterized by robust activity, quick sales, and a diverse range of property options. Whether you're looking to buy, sell, or invest, Whitby offers a promising landscape for all real estate endeavors.
Stay tuned for more updates and insights into the ever-evolving real estate market in Whitby!
Have questions about the Whitby Real Estate Market? Give James or Patrick Bryant a call today!
905-439-2033
[email protected]
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